Short Interest in First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) Decreases By 74.7%

First Trust Alternative Absolute Return Strategy ETF (NASDAQ:FAAR) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 13,845 shares, a decline of 74.7% from the July 15th total of 54,637 shares. Based on an average trading volume of 35,114 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Trading of First Trust Alternative Absolute Return Strategy ETF

Several institutional investors have recently added to or reduced their stakes in FAAR. Assetmark Inc. boosted its holdings in First Trust Alternative Absolute Return Strategy ETF by 335.0% during the 4th quarter. Assetmark Inc. now owns 648,775 shares of the company’s stock valued at $17,582,000 after acquiring an additional 499,626 shares during the period. RFG Advisory LLC grew its position in First Trust Alternative Absolute Return Strategy ETF by 31.7% in the 4th quarter. RFG Advisory LLC now owns 81,505 shares of the company’s stock valued at $2,209,000 after acquiring an additional 19,619 shares during the last quarter. Gateway Wealth Partners LLC increased its stake in First Trust Alternative Absolute Return Strategy ETF by 128.3% in the first quarter. Gateway Wealth Partners LLC now owns 75,573 shares of the company’s stock worth $2,550,000 after purchasing an additional 42,472 shares during the period. Benjamin Edwards Inc. increased its stake in First Trust Alternative Absolute Return Strategy ETF by 39.8% in the fourth quarter. Benjamin Edwards Inc. now owns 100,010 shares of the company’s stock worth $2,711,000 after purchasing an additional 28,488 shares during the period. Finally, Cetera Investment Advisers increased its stake in First Trust Alternative Absolute Return Strategy ETF by 9.1% in the first quarter. Cetera Investment Advisers now owns 247,593 shares of the company’s stock worth $8,356,000 after purchasing an additional 20,736 shares during the period.

First Trust Alternative Absolute Return Strategy ETF Trading Down 0.4%

Shares of FAAR traded down $0.12 during midday trading on Thursday, hitting $31.06. The stock had a trading volume of 39,071 shares, compared to its average volume of 42,205. The stock’s 50 day moving average is $31.73 and its 200 day moving average is $32.22. First Trust Alternative Absolute Return Strategy ETF has a 1 year low of $26.73 and a 1 year high of $35.81.

First Trust Alternative Absolute Return Strategy ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.144 per share. This represents a $0.58 annualized dividend and a yield of 1.9%. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Alternative Absolute Return Strategy ETF’s previous quarterly dividend of $0.11.

First Trust Alternative Absolute Return Strategy ETF Company Profile

The First Trust Alternative Absolute Return Strategy ETF (FAAR) is an exchange-traded fund that is based on the db Liquid Commodity index. The fund is an actively-managed fund that, through a subsidiary, provides broad long\u002Fshort exposure to commodity futures contracts. FAAR was launched on May 18, 2016 and is managed by First Trust.